| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $80M | $79M | $70M | 1.4% | 15.6% |
| Op. Income | $9M | $14M | $7M | -37.3% | 19.7% |
| Gross Margin | 59.5% | 61.7% | 63.0% | -2.3pp | -3.6pp |
| Net Margin | 12.3% | 14.8% | 5.5% | -2.5pp | 6.8pp |
| EPS (Diluted) | $0.35 | $0.41 | $0.14 | -14.6% | 150.0% |
| Free Cash Flow | $23M | $15M | $20M | 51.5% | 15.2% |
| Item | Amount |
|---|---|
| REVENUE | $80M |
| Cost of Revenue | $33M |
| GROSS PROFIT | $48M |
| R&D Expenses | $19M |
| Selling & Marketing | $9M |
| General & Administrative | $11M |
| SG&A Expenses | $20M |
| Other Expenses | -$83.0K |
| Operating Expenses | $39M |
| Cost & Expenses | $72M |
| OPERATING INCOME | $9M |
| Interest Income | $485.0K |
| Interest Expense | $30.0K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $3M |
| EBIT | $13M |
| EBITDA | $16M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $80M |
| Cost of Revenue | $33M |
| GROSS PROFIT | $48M |
| R&D Expenses | $19M |
| Selling & Marketing | $9M |
| General & Administrative | $11M |
| SG&A Expenses | $20M |
| Other Expenses | -$83.0K |
| Operating Expenses | $39M |
| Cost & Expenses | $72M |
| OPERATING INCOME | $9M |
| Interest Income | $485.0K |
| Interest Expense | $30.0K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $3M |
| EBIT | $13M |
| EBITDA | $16M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $10M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $1.0K |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $23M |
| Capital Expenditure | -$574.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$574.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$615.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$615.0K |
| FREE CASH FLOW | $23M |
| Net Change in Cash | $22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $81M |
| Short-Term Investments | $0 |
| Net Receivables | $70M |
| Inventory | $8M |
| Other Current Assets | $164.0K |
| TOTAL CURRENT ASSETS | $170M |
| PP&E (Net) | $30M |
| Goodwill | $136M |
| Intangible Assets | $69M |
| Long-Term Investments | $0 |
| Tax Assets | $61M |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $305M |
| TOTAL ASSETS | $475M |
| Account Payables | $13M |
| Short-Term Debt | $5M |
| Deferred Revenue | $93M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $130M |
| Long-Term Debt | $15M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $12M |
| Other Non-Current Liabilities | -$9M |
| TOTAL NON-CURRENT LIABILITIES | $32M |
| TOTAL LIABILITIES | $162M |
| Common Stock | $10M |
| Additional Paid-In Capital | $126M |
| Retained Earnings | $187M |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $313M |
| Minority Interest | $0 |
| TOTAL EQUITY | $313M |
| TOTAL LIABILITIES & EQUITY | $475M |
| Total Debt | $35M |
| Net Debt | -$46M |
